Can SMBs Help Workers In Debt?
One unfortunate consequence of the pandemic was that many workers became indebted. Now, they have trouble making ends meet while also paying their debts. But the pandemic also spurred the rise of many new small and midsize businesses, which could be the perfect solution to the problem of worker debt.
Six in ten employees admit to being concerned about the amount of household debt they have, as well as the lack of opportunities in the workplace to rectify them.
Small and midsize businesses can play a vital role in solving workers’ debt problems, especially when SMBs open doors to many…
Canadians seeking financial advice from banks left unsatisfied
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Roughly two-thirds of retail bank customers ‘financially unhealthy,’ the study finds
Published June 30, 2023 • 4 minute read
Pedestrians walk near a Royal Bank of Canada building in the financial district of Toronto. Photo by Brent Lewin/Bloomberg files
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As high inflation, rising interest rates and market volatility take a toll on their finances, Canadians are seeking advice from their financial institutions, but some banks are not delivering this effectively, according to a new study.
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Bank of Canada rates hike nails in coffin for economy
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The Bank of Canada did exercise patience, but not enough
Published June 08, 2023 • Last updated 1 day ago • 4 minute read
The Bank of Canada’s tone on June 7 was hawkish, leaving the door open for another interest rate hike in July. Photo by Sean Kilpatrick /The Canadian Press
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The Bank of Canada pulled an RBA and hiked rates on June 7 with the market mostly (call it 60-40) priced for no move and more than 80 per cent of Bay Street economists believing the central bank would hold its fire.…
Google, Meta executives push back against Canada online news bill
[1/2] A Google logo is displayed at the entrance to the internet based company’s offices in Toronto, Ontario, Canada September 9, 2018. REUTERS/Chris Helgren
TORONTO, May 3 (Reuters) – Google and Meta would withdraw access to news articles in Canada if legislation compelling internet companies to pay news publishers is passed, company executives told Canadian lawmakers on Wednesday.
Canada’s proposed legislation would force platforms like Google parent Alphabet Inc (GOOGL.O) and Facebook parent Meta Platforms Inc (META.O) to negotiate commercial deals and pay Canadian news publishers for their content, part of a broader global trend to make tech firms pay…
US probes complaint that woman was trapped in flaming SUV – Business News
Photo: The Canadian Press
US safety regulators are investigating possible electrical problems in older Dodge Journeys after a woman was trapped and died when her SUV caught fire in December.
The National Highway Traffic Safety Administration says it’s investigating whether inoperative door locks and windows can prevent people from getting out of the SUVs during an emergency.
Documents posted Friday on the agency’s website say the probe covers more than 82,000 Journeys from the 2009 model year. The investigation was opened after the woman’s death on Dec. 9.
A complaint filed with the agency says the woman pulled to the…
SpaceX giant rocket explodes minutes after launch from Texas – Business News
Photo: The Canadian Press
SpaceX’s Starship breaks up after its launch from Starbase in Boca Chica, Texas, Thursday, April 20, 2023. SpaceX’s giant new rocket exploded minutes after blasting off on its first test flight and crashed into the Gulf of Mexico. (AP Photo/Eric Gay)
SpaceX’s giant new rocket exploded minutes after blasting off on its first test flight Thursday and crashed into the Gulf of Mexico.
Elon Musk’s company was aiming to send the biggest and most powerful rocket ever built on a round-the-world trip from the southern tip of Texas, near the Mexican border. The nearly 400-foot (120-meter)…
Italy temporarily blocks ChatGPT over privacy concerns – Business News
Frances D’emilio And Matt O’brien, The Associated Press – March 31, 2023 / 11:41 am | Stories: 418937
Photo: The Canadian Press
FILE – The OpenAI logo is seen on a mobile phone in front of a computer screen displaying output from ChatGPT, on March 21, 2023, in Boston. The Italian government’s privacy watchdog said Friday March 31, 2023 that it is temporarily blocking the artificial intelligence software ChatGPT in the wake of a data breach. (AP Photo/Michael Dwyer, File)
Italy is temporarily blocking the artificial intelligence software ChatGPT in the wake of a data breach as it investigates a…
Enbridge ‘disappointed’ as environmental review for Line 5 tunnel extended – Business News
Enbridge ‘disappointed’
The Canadian Press – March 23, 2023 / 1:22 pm | Stories: 417614
Photo: The Canadian Press
This photo taken in October 2016 shows an aboveground section of Enbridge’s Line 5 at the Mackinaw City, Mich., pump station. THE CANADIAN PRESS/AP – John Flesher
The timeline of a US review of a proposed Great Lakes tunnel that’s a critical part of Enbridge Inc.’s Line 5 pipeline replacement project has been pushed back by more than a year.
The US Army Corps of Engineers said Thursday it now expects to complete its draft environmental impact statement for Enbridge’s Line…
